Property Tax Increase

Discussion in 'Real Estate' started by spierceisu, Mar 25, 2019.

  1. spierceisu

    spierceisu Active Member

    Jan 28, 2007
    497
    73
    28
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    Process Engineer
    Waukee
    Ratings:
    +441 / 30 / -2
    I just got a letter that the assessed value of my house went up $38,000 dollars from last year! I live in Waukee and my taxes are already high. I would try to dispute this, but I finished my basement a few years ago and the assessor doesn't know it is finished so my value would go even higher. I am not suprised my value went up, but that is a huge increase. Has anyone else noticed their taxes going up so much?
     
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  2. ZB4CY

    ZB4CY Well-Known Member

    Dec 17, 2012
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    I've been in Waukee 3 years and in total my taxes have gone up 30%. I'm sure that will increase this year, too.
     
  3. BoxsterCy

    BoxsterCy Well-Known Member
    SuperFanatic

    Sep 14, 2009
    30,614
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    Living the Dream
    Minnesota
    Ratings:
    +22,737 / 441 / -1
    Invite the assessor over and use your Jedi mind trick.......

    [​IMG]
     
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  4. Gunnerclone

    Gunnerclone Well-Known Member

    Jul 16, 2010
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    Cheddar Production
    DSM
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    Enjoy your new schools.
     
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  5. BCClone

    BCClone Well-Known Member

    Sep 4, 2011
    28,010
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    North Iowa
    Ratings:
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    Did your mill rate increase as much or did that stay steady. I had a large mil rate increase and a decent valuation increase at the same time, that is when it gets crazy. I'm in a small town though.
     
  6. ArgentCy

    ArgentCy Well-Known Member

    Jan 13, 2010
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    Sucks to be living in a growing area. Here's a hint. They are never going to go down over any significant period of time.
     
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  7. spierceisu

    spierceisu Active Member

    Jan 28, 2007
    497
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    28
    Male
    Process Engineer
    Waukee
    Ratings:
    +441 / 30 / -2
    This may sound dumb, but what is the mil rate?
     
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  8. twojman

    twojman Well-Known Member

    Jun 1, 2006
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    This is the ploy when cities want people vote to reduce their property taxes while increasing the sales tax. The rates may go down but the value magically increases over a short time to offset that change. I'll never understand why people vote for stuff like this. This pattern has been observed throughout the metro over the years.
     
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  9. BCClone

    BCClone Well-Known Member

    Sep 4, 2011
    28,010
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    North Iowa
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    Mill rate is basically your tax levy rate. What is your tax rate per thousand dollar of value?
     
  10. Sigmapolis

    Sigmapolis Minister of Economy
    SuperFanatic SuperFanatic T2

    Aug 10, 2011
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    Don't feed the Beast.
     
  11. spierceisu

    spierceisu Active Member

    Jan 28, 2007
    497
    73
    28
    Male
    Process Engineer
    Waukee
    Ratings:
    +441 / 30 / -2
    Like I said in my original post, i expected an increase, but that much of an increase seems too high.
     
  12. spierceisu

    spierceisu Active Member

    Jan 28, 2007
    497
    73
    28
    Male
    Process Engineer
    Waukee
    Ratings:
    +441 / 30 / -2
    I don't know what my total taxes are going up yet. I only got the letter about my assessed value going up so far.
     
  13. knowlesjam

    knowlesjam Well-Known Member

    Oct 21, 2012
    2,942
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    Weather Warrior
    Papillion, NE
    Ratings:
    +3,220 / 86 / -1
    Nebraska says, "Hi!"

    We've averaged about a 6-8% increase every year for the last 4.
     
  14. ArgentCy

    ArgentCy Well-Known Member

    Jan 13, 2010
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    Assessed values often lag quite a bit behind market values in growing markets. The City's don't mind because they see that as guaranteed increases over the coming years. The rates are SUPPOSED to be within 10% of market values.
     
  15. Balls

    Balls Well-Known Member

    Mar 23, 2006
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    I hear conplaints in taxes yet everyone wants newer schools, bigger gyms, nicer parks, more sidewalks, etc. Every day on the news politicians promising “free” stuff. Think about your increased taxes next time you vote.
     
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  16. Tri4Cy

    Tri4Cy Well-Known Member
    SuperFanatic SuperFanatic T2

    Apr 4, 2012
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    Des Moines
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    OP lives in Waukee. Waukee is Dallas county and I'm assuming you're referencing the recent vote to increase the sales tax in Polk county.

    To OP: I live in Dallas county as well and I recall hearing about projected tax increases maybe 1-2 years ago? I was hit pretty hard with a large jump in my assessed value (I just assumed it was because I broke up with a girl who worked for the assessor :jimlad: To be fair though, the assessment hadn't changed in years. It was assessed really near the market lows so I thought it was fair. I think I just got something in the mail from Dallas county so we'll see if my value has changed much.
     
  17. spierceisu

    spierceisu Active Member

    Jan 28, 2007
    497
    73
    28
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    Process Engineer
    Waukee
    Ratings:
    +441 / 30 / -2
    I called the Assessor office and found out that it has to be within a certain percentage of fair market value. I think that it is probably accurate, but I think the huge increase is because the fair market value was behind in the past. I guess I can't complain too much, because my house is worth at least $50,000 more than I paid for it about 4 years ago.
     
  18. JP4CY

    JP4CY I LOVE LAMP
    SuperFanatic

    Dec 19, 2008
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    Maybe this is paying for the new jail the County had a heck of a time pushing for?
     
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  19. somecyguy

    somecyguy Well-Known Member

    Jun 19, 2006
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    Ratings:
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    You're lucky. Linn county assessors are worse than ambulance chasers. They drive around looking for contractor trucks or garbage dumpsters. When I replaced my kitchen cabinets, magically one of them showed up in my driveway asking to "look around".
     
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  20. ArgentCy

    ArgentCy Well-Known Member

    Jan 13, 2010
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    I don't want hardly any of those things. The only people who "have" to have new schools are the administrators.
     
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